Absolutely, you can create two (or more) different users on the same folder, one with full permissions and other with read&upload permissions for example.
Even better, you can create one user with full permissions and within this user’s home folder create other users each having one subfolder as a home, this way first user will act as superuser and he can see folders of other users while others cannot go up to superuser folder. See example:
/filegator/repository/
/filegator/repository/john/
/filegator/repository/maria/
In this case give your superuser access to /filegator/repository/ and he will also see John’s and Maria’s folders.
Alert: For Control Panel Help & Tutorials, click here: Panel Tutorials